However, OMG is one of the biggest losers so far today. The coin is down by more than 30% over the past 24 hours and risks dropping lower over the coming hours . The dip was caused by the completion of the snapshot for an airdrop from the Boba Network.
Read moreWhat is OMG Network Crypto?
The OMG Network (formerly OmiseGO) is a value transfer network for Ethereum and any ERC-20 token . It describes itself as the first production-grade layer-2 Ethereum scaling solution and aims to let people move money and a variety of digital values on the blockchain faster, cheaper, and without compromising on security.
Read moreDoes OMG have its own blockchain?
OmiseGO (OMG) Price. OmiseGo is a cryptocurrency exchange platform that is built on top of Ethereum blockchain .
Read moreIs OMG Network a good crypto?
Based on our price forecast, the OMG Network is a good investment . However, the crypto market is volatile, so users need to research well before they buy or sell OMG Network.
Read moreIs OMG proof of stake?
Shortly thereafter, OMG was airdropped to the Ethereum community — the first instance of such an airdrop on Ethereum. OMG is now used for paying transaction fees, and once OMG launches Proof of Stake (PoS), the token can be used as a staking mechanism and for network governance .
Read moreWhy did OMG Network fall?
The dip was caused by the completion of the snapshot for an airdrop from the Boba Network . The snapshot of all wallets holding OMG coins on the Ethereum network and the layer-two Boba Network took place in the early hours of Friday.
Read moreIs Boba and OMG the same?
Boba Network is excited to announce that the OMG Foundation has launched a token to support the network . The Boba token (BOBA) is a governance token for the Boba DAO, and can also be staked for rewards on Boba Network.
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